Hickory Creek Development Site

Investment Overview

The combination of commercial zoning, multifamily potential, proximity to I-40/I-75 and Watt Road, and continued residential expansion creates an attractive opportunity for a developer seeking a strategically positioned West Knoxville site. At $905,000, the offering represents an attractive $250,000 per acre basis for a property with the potential to support a range of higher-density residential or commercial development concepts.

Investment Highlights

• CA zoning supports a broad range of commercial and residential uses
• Potential for ±87 multifamily units at 24 DU/acre*
• Excellent I-40/I-75 and Watt Road connectivity
• Located at the intersection of major West Knoxville growth corridors
• Surrounded by significant residential expansion
• Future Watt Road interchange improvements create additional long-term connectivity upside
• Ideal multifamily development site with potential for 18–24 DU/acre*
• Potential mixed-use opportunity combining residential density with neighborhood-serving commercial
• Strong location fundamentals with proximity to Turkey Creek, Hardin Valley and major employment centers
• Attractive basis relative to the cost of assembling smaller infill sites
• Opportunity to capitalize on continued population and housing growth in West Knoxville